BLACK GINGER LIMITED - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06187349 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

BLACK GINGER LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs A H Paddison

J D Paddison

D H Paddison

SECRETARY:

Mrs A H Paddison

REGISTERED OFFICE:

Kingfisher Works, Tag lane

Hare Hatch

Reading

Berkshire

RG10 9SH

REGISTERED NUMBER:

06187349 (England and Wales)

ACCOUNTANTS:

Guy van Zwanenberg

Mole End

Crowsley Road

Shiplake

Henley

Oxfordshire

RG9 3LD

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

2,312

3,083

2,312

3,083

CURRENT ASSETS

Stocks

28,326

59,515

Debtors

113,223

118,293

Cash at bank

267,714

148,095

409,263

325,903

CREDITORS

Amounts falling due within one year

157,745

145,791

NET CURRENT ASSETS

251,518

180,112

TOTAL ASSETS LESS CURRENT LIABILITIES

253,830

183,195

CREDITORS

Amounts falling due after more than one year

4

294,544

294,544

NET LIABILITIES

(40,714

)

(111,349

)

CAPITAL AND RESERVES

Called up share capital

5

253

253

Profit and loss account

(40,967

)

(111,602

)

SHAREHOLDERS' FUNDS

(40,714

)

(111,349

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 June 2015 and were signed on its behalf by:

Mrs A H Paddison - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised

evenly over its estimated useful life of 5 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

154,000

AMORTISATION

At 1 January 2014

and 31 December 2014

154,000

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

21,189

DEPRECIATION

At 1 January 2014

18,106

Charge for year

771

At 31 December 2014

18,877

NET BOOK VALUE

At 31 December 2014

2,312

At 31 December 2013

3,083

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.12.14

31.12.13

£

£

Repayable otherwise than by instalments

294,544

294,544

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

253

ORDINARY

£1

253

253

6.	DIRECTORS' GUARANTEE

In order to be considered a going concern, the company relies on the continued funding from Mrs AH Paddison

and Mr JD Paddison, who are directors and shareholders of the company. The figure for "Other Creditors"

detailed in note 8 includes £294,544 due to Mrs AH Paddison and Mr JD Paddison, who guarantee that such

funding will continue for a period of at least one year from the date of approval of these accounts and at a level

sufficient to ensure that the company is able to trade as a going concern.